Robotic Wheelchairs Market Size, Share & Trends Analysis Report By Application (Residential, Commercial), By Distribution Channel (Retail, E-commerce) By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global robotic wheelchairs market size is expected to reach a value of USD 142.6 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.4% over the forecast period. Growing need for independent mobility assistance by the geriatric population with moving disabilities is expected to drive the market. Moreover, rising spending power among the consumers, along with introduction of technologically advanced mobility products by the companies, is expected to drive the market.

Growing penetration of robotic wheelchairs as an artificial assistance due to advanced features such as navigation, detecting obstacles, sensor technology, and artificial intelligence. Presence of people with physical ailments or loss of mental control is expected to increase the demand in the market. According to the Journal of Rehabilitation Research and Development, the NavChair is an assistive navigation system developed with a mobile robot i.e. vector field histogram to avoid obstacles, follow walls, and travel safely.

In 2018, the residential application segment held the largest share of 82.9%. Application of manual wheelchairs for daily life activities increases the dependency level on others. For instance, Toyota, as a part of an agreement with DEKA Research and Development, is making the iBot wheelchairs for climbing stairs. The commercial application segment is expected to expand at a CAGR of 10.8% over the forecast period. Smart future urban mobility research group developed smart wheelchairs that can be used at airports and hospitals.

Retail distribution held the largest share of 82.5% in 2018. Reliability of the product is considered to be high in retail stores than other modes of distribution channel. In addition, e-commerce distribution mode is expected to register the fastest CAGR of 11.0% over the forecast period. Ease of accessibility throughout the world for the best smart wheelchairs is a key factor expected to drive the channel over the forecast period. Many companies have their own online platforms and some of them are tying up with others.

North America emerged as the largest regional market with a value of USD 25.0 million in 2018. The region is expected to maintain its lead over the forecast period. Reimbursement of insurance claims, growing aging population, and technological advancements are driving the market. For instance, Massachusetts scientist, Matt Walter and PhD candidate, Sachi Hemachandra launched a voice controlled robotic wheelchair for elder care. Similarly, Invacare Corporation launched a wheelchair with a special technology called G-trac technology for better control system.

Companies are integrating with universities and startups to develop something advance to cater to the needs of the vast consumer base. For instance, Intel collaborated with Brazilian startup Hoobox Robotics to develop a smart wheelchair "wheelie", which has an access to read facial expressions as human behavior.

Key players in the market include Sunrise Medical LLC; Invacare Corporation; Permobil Corporation; Meyra GmbH; Karman Healthcare; Ottobock SE& Company; Matia Robotics; Upnride Robotics; DEKA Research & Development; and Whill Inc.

Further key findings from the report suggest:

• The residential application segment held a dominant share of 82.9% in 2018

• North America dominated the market in 2018 with a value of USD 25.0 million in 2018. This trend is projected to continue over the next few years

• Asia Pacific is anticipated to witness high demand on account of increase in requirement for independent mobility

• The robotic wheelchairs market is highly competitive in nature with the main players including Invacare Corporation, Permobil Corporation, Meyra GmbH, and Karman Healthcare

• Various manufacturers are concentrating on new product launches and capacity expansion in order to estimate existing and future demand patterns from upcoming product segments.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR's Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis 
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Robotic Wheelchairs Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                               3.5.1.1. Supplier Power
                               3.5.1.2. Buyer Power
                               3.5.1.3. Substitution Threat
                               3.5.1.4. Threat from New Entrant 
                               3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Robotic Wheelchairs Market
                    3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations
Chapter 5. Robotic Wheelchairs Market: Application Estimates & Trend Analysis
                    5.1. Application Movement Analysis & Market Share, 2018 & 2025
                    5.2. Residential
                         5.2.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                    5.3. Commercial 
                         5.3.1. Market estimates and forecast, 2018 - 2025 (USD Million)
Chapter 6. Robotic Wheelchairs Market: Distribution Channel Estimates & Trend Analysis
                    6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    6.2. Retail
                         6.2.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                    6.3. E-commerce
                         6.3.1. Market estimates and forecast, 2018 - 2025 (USD Million)
Chapter 7. Robotic Wheelchairs Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                         7.2.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                         7.2.2. Market estimates and forecast, by application 2015 - 2025 (USD Million)
                         7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.2.4. U.S.
                               7.2.4.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                               7.2.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                               7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.3. Europe
                         7.3.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                         7.3.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                         7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million))
                         7.3.4. U.K.
                               7.3.4.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                               7.3.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                               7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.3.5. Germany
                               7.3.5.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                               7.3.5.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                               7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                         7.4.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                         7.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                         7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.4.4. China 
                               7.4.4.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                               7.4.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                               7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.4.5. Japan 
                               7.4.5.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                               7.4.5.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                               7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                         7.5.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                         7.5.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                         7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.5.4. Brazil
                               7.5.4.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                               7.5.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                               7.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa (MEA)
                         7.6.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                         7.6.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                         7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.6.4. UAE
                               7.6.4.1. Market estimates and forecast, 2018 - 2025 (USD Million)
                               7.6.4.2. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                               7.6.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                         8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                    9.1. Sunrise Medical
                         9.1.1. Company Overview
                         9.1.2. Financial Performance
                         9.1.3. Product Benchmarking
                         9.1.4. Strategic Initiatives
                    9.2. Invacare Corporation 
                         9.2.1. Company Overview
                         9.2.2. Financial Performance
                         9.2.3. Product Benchmarking
                         9.2.4. Strategic Initiatives
                    9.3. Permobil Corporation 
                         9.3.1. Company Overview
                         9.3.2. Financial Performance
                         9.3.3. Product Benchmarking
                         9.3.4. Strategic Initiatives
                    9.4. Karman Healthcare
                         9.4.1. Company Overview
                         9.4.2. Financial Performance
                         9.4.3. Product Benchmarking
                         9.4.4. Strategic Initiatives
                    9.5. Meyra GmbH
                         9.5.1. Company Overview
                         9.5.2. Financial Performance
                         9.5.3. Product Benchmarking
                         9.5.4. Strategic Initiatives
                    9.6. Ottobock SE & company
                         9.6.1. Company Overview
                         9.6.2. Financial Performance
                         9.6.3. Product Benchmarking
                         9.6.4. Strategic Initiatives
                    9.7. Matia Robotics
                         9.7.1. Company Overview
                         9.7.2. Financial Performance
                         9.7.3. Product Benchmarking
                         9.7.4. Strategic Initiatives
                    9.8. Upnride Robotics
                         9.8.1. Company Overview
                         9.8.2. Financial Performance
                         9.8.3. Product Benchmarking
                         9.8.4. Strategic Initiatives
                    9.9. DEKA Research and Development 
                         9.9.1. Company Overview
                         9.9.2. Financial Performance
                         9.9.3. Product Benchmarking
                         9.9.4. Strategic Initiatives
                    9.10. Whill Inc. 
                         9.10.1. Company Overview
                         9.10.2. Financial Performance
                         9.10.3. Product Benchmarking
                         9.10.4. Strategic Initiatives

List of Tables

1. Robotic Wheelchairs - Key market driver analysis
2. Robotic Wheelchairs - Key market restraint analysis
3. Global robotic wheelchairs market estimates and forecast, for residential 2018 - 2025 (USD Million)
4. Global robotic wheelchairs market estimates and forecast, for commercial, 2018 - 2025 (USD Million)
5. Global robotic wheelchairs market estimates and forecast by retail , 2018 - 2025 (USD Million)
6. Global robotic wheelchairs market estimates and forecast by e-commerce, 2018 - 2025 (USD Million)
7. North America robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
8. North America robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
9. North America robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
10. U.S. robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
11. U.S. robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
12. U.S. robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
13. Europe robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
14. Europe robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
15. Europe robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
16. Germany robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
17. Germany robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
18. Germany robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
19. U.K. robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
20. U.K. robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
21. U.K. robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. Asia Pacific robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
23. Asia Pacific robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
24. Asia Pacific robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
25. China robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
26. China robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
27. China robotic wheelchairs market revenue estimates and forecast by distribution channel 2015 - 2025 (USD Million)
28. Japan robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
29. Japan robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
30. Japan robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
31. Central & South America robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
32. Central & South America robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
33. Central & South America robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
34. Brazil robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
35. Brazil robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
36. Brazil robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
37. MEA robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
38. MEA robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
39. MEA robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
40. UAE robotic wheelchairs market estimates and forecast, 2018 - 2025 (USD Million)
41. UAE robotic wheelchairs market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
42. UAE Robotic wheelchairs market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
43. Vendor landscape

List of Figures

1. Robotic wheelchairs market snapshot 
2. Robotic wheelchairs market segmentation & scope
3. Robotic wheelchairs market penetration & growth prospect mapping
4. Robotic wheelchairs value chain analysis
5. Robotic wheelchairs market dynamics
6. Robotic wheelchairs market Porter's analysis 
7. Robotic wheelchairs market: Application movement analysis 
8. Robotic wheelchairs market: Distribution Channel movement analysis 
9. Robotic wheelchairs market: Regional movement analysis